Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Portugal
Persons, Annual, Not Seasonally Adjusted
LFEM55FEPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
510,175.00
Year-over-Year Change
103.66%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total number of employed persons aged 55 and over in the United States on an annual basis. It provides insights into the labor force participation and employment patterns of older workers, which are crucial for policymakers and economists analyzing workforce dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Persons, Annual, Not Seasonally Adjusted' trend tracks the total number of employed individuals aged 55 and above in the U.S. labor force. This data is used by economists and policymakers to understand the employment trends and labor market participation of older workers, which informs decisions related to retirement policies, workforce planning, and economic growth.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and labor market analysts to assess the economic and demographic shifts in the older workforce.
Key Facts
- The U.S. employed population aged 55 and over has grown from 18.4 million in 2000 to 34.7 million in 2021.
- Older workers accounted for 22.4% of the total U.S. employed population in 2021, up from 13.1% in 2000.
- The labor force participation rate for individuals aged 55 and over was 38.8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 55 and over in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the labor force participation and employment patterns of older workers, which are essential for policymakers and economists analyzing workforce dynamics and planning for economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and labor market analysts to assess the economic and demographic shifts in the older workforce, informing decisions related to retirement policies, workforce planning, and economic growth.
Q: Are there update delays or limitations?
A: The data is released annually, with a potential for some update delays depending on the Bureau of Labor Statistics' data collection and processing timelines.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFEM55FEPTA647N), retrieved from FRED.